My wifi connection randomly disconnects and then reconnects after a couple of seconds(windows 7). All drivers are updated, another computer attached to this wireless network does not seem to experience this problem. Have any ideas what might be causing this?

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try to connect to another WiFi and check whether you experiencing same problem.

+1 for this. If it happens elsewhere you know it's your laptop. If not, it's interference at your location.

If it does happen elsewhere too you may want to try booting into another OS (live Linux CD?) to see if the problem persists. That will help tell if it's a Windows issue vs. a hardware issue with the NIC.